Western sanctions and the exodus of international oil and engineering companies from Russia after Putin’s invasion of Ukraine will slow down Russia’s energy industry development. Russia’s claims that it can provide all the equipment necessary for domestic gas networks come amid a row with the West. “It is important to upgrade our capacities by replacing foreign exploration, drilling, and offshore equipment, as well as accelerating work on our own medium- and large-tonnage LNG equipment,” Russian Trade and Industry Minister Denis Manturov said. Russia is capable of manufacturing by itself all the equipment necessary for expanding its domestic gasification network, Russian Trade and Industry Minister Denis Manturov said on Friday. “We will be able to provide ourselves all the technological equipment and piping for the gasification of the whole country,” the minister said during a speech at the Russian Parliament, as carried by Russian news agency TASS. “It is important […]